NEEDHAM, Mass. — (BUSINESS WIRE) — January 9, 2012 —
PTC®
(Nasdaq:
PMTC) today announced it has successfully completed the first
phase of deployment of its enterprise
product
lifecycle management (PLM) system at Hyundai Motor Company and Kia
Motors Corporation (HMC/KMC). The combined companies represent the
fourth largest, and fastest growing, automobile manufacturer in the
world.

In order to support the company’s ambitious growth plans, HMC/KMC
prioritized the need for a robust PLM system that both enables global
concurrent product development and supports its rapidly changing vehicle
requirements. Following an extensive benchmark testing and selection
process,
HMC/KMC
selected PTC's Windchill® PLM solution as its enterprise
PLM solution in early 2011. PTC’s Windchill will consolidate multiple
existing systems into a single platform for managing critical product
data and related processes for vehicle development.

PTC’s Windchill is being deployed within HMC/KMC’s core research and
development groups to establish a system of record for the complete
vehicle, which will include design data from a range of different
systems including CATIA and Pro/ENGINEER® (now Creo®).
In addition, Windchill will also help handle the complexity caused by
the increasing number of vehicle change management requests and,
further, will provide a comprehensive Digital Mock-Up (DMU) environment.

“Our company believes that new thinking leads to new possibilities,”
said ChangKy Kang, executive vice president and head of vehicle
development center 4. “This philosophy is what led us to select PTC as
our strategic PLM partner. We are pleased by the collaboration between
PTC and our project teams in achieving this aggressive implementation
milestone on schedule.”

In partnership with Hyundai AutoEver, PTC was able to meet an aggressive
timeline set for Phase I system deployment. Late last year, the
Windchill system was opened to users on key car programs within HMC/KMC.
The system will be expanded and adopted for all vehicle programs.

“When it comes to product design, development and delivery, HMC/KMC
represents a new generation of thinking which requires a new generation
of technology,” said Jim Heppelmann, president and CEO of PTC. “There is
no question that HMC/KMC is charting a new path toward growth through
innovation and we are proud to be a strategic partner to this emerging
industry leader. We look forward to our continued collaboration as we
deploy additional enabling technologies across the company.”

With the first phase complete, planning for the next phase will begin.

PTC solutions for automotive needs are designed to meet the product
design and product life cycle management needs of both OEMs and
suppliers in the automotive industry. PTC's customers in the automotive
industry utilizing PTC's enterprise 3D design, product data management
and/or collaboration solutions include eight of the Top 10 power train
suppliers and three of the Top Five automotive OEMs.

PTC (Nasdaq:
PMTC) enables manufacturers to achieve maximum value from
their product strategies with software and services designed to optimize
key business processes throughout the entire product lifecycle – from
conception and design to sourcing and service. PTC’s integral solution
portfolio enables customers to unleash product innovation, improve
collaboration and ensure product data integrity within engineering and
across the enterprise, supply chain and service partner networks.
Founded in 1985, PTC employs over 6,000 professionals serving more than
27,000 customers worldwide. More information can be found at
www.ptc.com.

The announcement of a customer's implementation, deployment or adoption
of PTC software is not necessarily indicative of the timing or amount of
revenue from such engagement or of the Company's overall revenue for any
particular period.